**EXHIBIT      8.1—MATERIAL SUBSIDIARIES**

| ·                         | AmBev                owns 100% of Labatt Holding ApS (incorporated in Denmark) which owns                100%                of Labatt Brewing Co. Ltd. (incorporated in Canada). These entities                explore the production of beer in                Canada. |
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| ·            | Ambev                owns approximately 39.0% of Quilmes Industrial (Quinsa), Société Anonyme                (“Quinsa”) and a direct interest in Quilmes International (Bermuda) Ltd.                (“QIB”), constituting, jointly, in 2004 a 54.8% economic interest in QIB.                QIB produces and sells beer and soft drinks in Argentina and other                South                American countries. |
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| ·            | Arosuco                Aromas e Sucos Ltda. (“Arosuco”) (incorporated in Brazil). Arosuco                produces concentrates for our soft drinks and crowns. AmBev controls,                directly or indirectly, 100% of the voting and total equity of this                entity. |
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| ·            | CACN                - C.A. Cervecera Nacional (“CACN”) (incorporated in Venezuela). CACN                produces and distributes beer in Venezuela. AmBev controls, indirectly,                50.2% of the voting and total equity of this entity. |
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| ·            | Cervecería                y Maltería Paysandu (“Cympay”) (incorporated in Uruguay). Cympay produces                malt in Uruguay. AmBev controls indirectly, 97.228% of the voting                and                total equity of this entity. |
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| ·            | AmBev                Peru (incorporated in Peru). AmBev Peru produces and distributes                carbonated soft drinks in Peru. AmBev controls indirectly 100% of                the                voting and total equity of this entity. |
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| ·            | Industrias                del Atlántico, Sociedaded Anónima (“IDA”) (incorporated in Guatemala). IDA                produces beer in Guatemala. AmBev controls indirectly 50% plus 1                share of                the voting and total equity of this                entity. |
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| ·            | Companhia                Cervecera AmBev Ecuador S.A. (incorporated in Ecuador). AmBev - Ecuador                produces and distributes beer in Ecuador. AmBev controls indirectly                80% of                the voting and total equity of this                entity. |
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| ·            | Embotelladora                Dominicana, C, por A. (“EmBodom”) (incorporated in the Dominican                Republic). Embodom currently produces and distributes carbonated                soft                drinks in the Dominican Republic. AmBev controls indirectly 51% of                the                voting and total equity of this                entity. |
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| ·            | Maltería                Pampa S.A. and Maltería Uruguay S.A. (incorporated in Argentina and                Uruguay, respectively). Maltería Pampa S.A. is a producer of malt in                Argentina. Maltería  |
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| ·            | Eagle                Distribuidora de Bebidas S.A. (incorporated in Brazil). AmBev controls,                directly or indirectly, 100% of the voting and total equity of this                entity. |
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| ·            | Jalua                Spain S.L. (incorporated in Spain). AmBev controls, directly or                indirectly, 100% of the voting and total equity of this                entity. |
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| ·            | Monthiers                S.A. (incorporated in Uruguay). AmBev controls indirectly 100% of                the                voting and total equity of this entity. |
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| ·            | Agrega                Inteligência em Compras Ltda. (incorporated in Brazil). Agrega is a                50%-50% joint venture between AmBev and Souza Cruz to manage the                purchase                of services and indirect materials. |
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| ·            | Aspen                Equities Corp; Brahmaco International Limited; Universal Brewery                Limited-UBL; Lambic Holding SA; Lambic Chile SA; NCAQ SA; Hohneck                Argentina SA; Hohneck Chile SA; Dunvegan SA; Cervejarias Reunidas                Skol                Cararu SA; CRBS SA; Pepsi Cola Engarrafadora Ltda; Dahlen SA; Antarctica                Empreendimentos e Participações S.A. —  ANEP; Indústria de Bebidas                Antarctida do Sudeste SA; Distribuidora de Bebidas Antarctiva de                Manaus                Ltda - DISBAM; Fratelli Vita Bebidas Ltda; Fazenda do Poço Agrícola e                Florestamento S.A.; BSA Bebidas Ltda.; Cervejaria Miranda Corrêa S.A.;                Fratelli Ltda, ITB - Ice Tea do Brasil Ltda., Morena Distribuidora                de                Bebidas Ltda; Transportadora Lizar Ltda.; Fuente Matutina S.A., and                DB Mar                Caribe — are subsidiaries directly or indirectly controlled by AmBev, and                are holding companies or have small operations in Brazil or                elsewhere. |
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